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#431015 Finish Him! MegaBots’ Giant Robot Duel ...
It began two years ago when MegaBots co-founders Matt Oehrlein and Gui Cavalcanti donned American flags as capes and challenged Suidobashi Heavy Industries to a giant robot duel in a YouTube video that immediately went viral.
The battle proposed: MegaBots’ 15-foot tall, 1,200-pound MK2 robot vs. Suidobashi’s 9,000-pound robot, KURATAS. Oehrlein and Cavalcanti first discovered the KURATAS robot in a listing on Amazon with a million-dollar price tag.
In an equally flamboyant response video, Suidobashi CEO and founder Kogoro Kurata accepted the challenge. (Yes, he named his robot after himself.) Both parties planned to take a year to prepare their robots for combat.
In the end, it took twice the amount of time. Nonetheless, the battle is going down this September in an undisclosed location in Japan.
Oehrlein shared more about the much-anticipated showdown during our interview at Singularity University’s Global Summit.
Two years since the initial video, MegaBots has now completed the combat-capable MK3 robot, named Eagle Prime. This new 12-ton, 16-foot-tall robot is powered by a 430-horsepower Corvette engine and requires two human pilots.
It’s also the robot they recently shipped to Japan to take on KURATAS.
Building Eagle Prime has been no small feat. With arms and legs that each weigh as much as a car, assembling the robot takes forklifts, cranes, and a lot of caution. Fortress One, MegaBots’ headquarters in Hayward, California is where the magic happens.
In terms of “weaponry,” Eagle Prime features a giant pneumatic cannon that shoots huge paint cannonballs. Oehrlein warns, “They can shatter all the windows in a car. It’s very powerful.” A logging grapple, which looks like a giant claw and exerts 3,000 pounds of steel-crushing force, has also been added to the robot.
“It’s a combination of range combat, using the paint balls to maybe blind cameras on the other robot or take out sensitive electronics, and then closing in with the claw and trying to disable their systems at close range,” Oehrlein explains.
Safety systems include a cockpit roll cage for the two pilots, five-point safety seatbelt harnesses, neck restraints, helmets, and flame retardant suits.
Co-founder, Matt Oehrlein, inside the cockpit of MegaBots’ Eagle Prime giant robot.
Oehrlein and Cavalcanti have also spent considerable time inside Eagle Prime practicing battlefield tactics and maneuvering the robot through obstacle courses.
Suidobashi’s robot is a bit shorter and lighter, but also a little faster, so the battle dynamics should be interesting.
You may be thinking, “Why giant dueling robots?”
MegaBots’ grand vision is a full-blown international sports league of giant fighting robots on the scale of Formula One racing. Picture a nostalgic evening sipping a beer (or three) and watching Pacific Rim- and Power Rangers-inspired robots battle—only in real life.
Eagle Prime is, in good humor, a proudly patriotic robot.
“Japan is known as a robotic powerhouse,” says Oehrlein, “I think there’s something interesting about the slightly overconfident American trying to get a foothold in the robotics space and doing it by building a bigger, louder, heavier robot, in true American fashion.”
For safety reasons, no fans will be admitted during the time of the fight. The battle will be posted after the fact on MegaBots’ YouTube channel and Facebook page.
We’ll soon find out whether this becomes another American underdog story.
In the meantime, I give my loyalty to MegaBots, and in the words of Mortal Kombat, say, “Finish him!”
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#431000 Japan’s SoftBank Is Investing Billions ...
Remember the 1980s movie Brewster’s Millions, in which a minor league baseball pitcher (played by Richard Pryor) must spend $30 million in 30 days to inherit $300 million? Pryor goes on an epic spending spree for a bigger payoff down the road.
One of the world’s biggest public companies is making that film look like a weekend in the Hamptons. Japan’s SoftBank Group, led by its indefatigable CEO Masayoshi Son, is shooting to invest $100 billion over the next five years toward what the company calls the information revolution.
The newly-created SoftBank Vision Fund, with a handful of key investors, appears ready to almost single-handedly hack the technology revolution. Announced only last year, the fund had its first major close in May with $93 billion in committed capital. The rest of the money is expected to be raised this year.
The fund is unprecedented. Data firm CB Insights notes that the SoftBank Vision Fund, if and when it hits the $100 billion mark, will equal the total amount that VC-backed companies received in all of 2016—$100.8 billion across 8,372 deals globally.
The money will go toward both billion-dollar corporations and startups, with a minimum $100 million buy-in. The focus is on core technologies like artificial intelligence, robotics and the Internet of Things.
Aside from being Japan’s richest man, Son is also a futurist who has predicted the singularity, the moment in time when machines will become smarter than humans and technology will progress exponentially. Son pegs the date as 2047. He appears to be hedging that bet in the biggest way possible.
Show Me the Money
Ostensibly a telecommunications company, SoftBank Group was founded in 1981 and started investing in internet technologies by the mid-1990s. Son infamously lost about $70 billion of his own fortune after the dot-com bubble burst around 2001. The company itself has a market cap of nearly $90 billion today, about half of where it was during the heydays of the internet boom.
The ups and downs did nothing to slake the company’s thirst for technology. It has made nine acquisitions and more than 130 investments since 1995. In 2017 alone, SoftBank has poured billions into nearly 30 companies and acquired three others. Some of those investments are being transferred to the massive SoftBank Vision Fund.
SoftBank is not going it alone with the new fund. More than half of the money—$60 billion—comes via the Middle East through Saudi Arabia’s Public Investment Fund ($45 billion) and Abu Dhabi’s Mubadala Investment Company ($15 billion). Other players at the table include Apple, Qualcomm, Sharp, Foxconn, and Oracle.
During a company conference in August, Son notes the SoftBank Vision Fund is not just about making money. “We don’t just want to be an investor just for the money game,” he says through a translator. “We want to make the information revolution. To do the information revolution, you can’t do it by yourself; you need a lot of synergy.”
Off to the Races
The fund has wasted little time creating that synergy. In July, its first official investment, not surprisingly, went to a company that specializes in artificial intelligence for robots—Brain Corp. The San Diego-based startup uses AI to turn manual machines into self-driving robots that navigate their environments autonomously. The first commercial application appears to be a really smart commercial-grade version that crosses a Roomba and Zamboni.
A second investment in July was a bit more surprising. SoftBank and its fund partners led a $200 million mega-round for Plenty, an agricultural tech company that promises to reshape farming by going vertical. Using IoT sensors and machine learning, Plenty claims its urban vertical farms can produce 350 times more vegetables than a conventional farm using 1 percent of the water.
Round Two
The spending spree continued into August.
The SoftBank Vision Fund led a $1.1 billion investment into a little-known biotechnology company called Roivant Sciences that goes dumpster diving for abandoned drugs and then creates subsidiaries around each therapy. For example, Axovant Sciences is devoted to neurology while Urovant focuses on urology. TechCrunch reports that Roivant is also creating a tech-focused subsidiary, called Datavant, that will use AI for drug discovery and other healthcare initiatives, such as designing clinical trials.
The AI angle may partly explain SoftBank’s interest in backing the biggest private placement in healthcare to date.
Also in August, SoftBank Vision Fund led a mix of $2.5 billion in primary and secondary capital investments into India’s largest private company in what was touted as the largest single investment in a private Indian company. Flipkart is an e-commerce company in the mold of Amazon.
The fund tacked on a $250 million investment round in August to Kabbage, an Atlanta-based startup in the alt-lending sector for small businesses. It ended big with a $4.4 billion investment into a co-working company called WeWork.
Betterment of Humanity
And those investments only include companies that SoftBank Vision Fund has backed directly.
SoftBank the company will offer—or has already turned over—previous investments to the Vision Fund in more than a half-dozen companies. Those assets include its shares in Nvidia, which produces chips for AI applications, and its first serious foray into autonomous driving with Nauto, a California startup that uses AI and high-tech cameras to retrofit vehicles to improve driving safety. The more miles the AI logs, the more it learns about safe and unsafe driving behaviors.
Other recent acquisitions, such as Boston Dynamics, a well-known US robotics company owned briefly by Google’s parent company Alphabet, will remain under the SoftBank Group umbrella for now.
This spending spree begs the question: What is the overall vision behind the SoftBank’s relentless pursuit of technology companies? A spokesperson for SoftBank told Singularity Hub that the “common thread among all of these companies is that they are creating the foundational platforms for the next stage of the information revolution.All of the companies, he adds, share SoftBank’s criteria of working toward “the betterment of humanity.”
While the SoftBank portfolio is diverse, from agtech to fintech to biotech, it’s obvious that SoftBank is betting on technologies that will connect the world in new and amazing ways. For instance, it wrote a $1 billion check last year in support of OneWeb, which aims to launch 900 satellites to bring internet to everyone on the planet. (It will also be turned over to the SoftBank Vision Fund.)
SoftBank also led a half-billion equity investment round earlier this year in a UK company called Improbable, which employs cloud-based distributed computing to create virtual worlds for gaming. The next step for the company is massive simulations of the real world that supports simultaneous users who can experience the same environment together(and another candidate for the SoftBank Vision Fund.)
Even something as seemingly low-tech as WeWork, which provides a desk or office in locations around the world, points toward a more connected planet.
In the end, the singularity is about bringing humanity together through technology. No one said it would be easy—or cheap.
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#428140 Singapore International Robotics Expo
Singapore International Robo Expo debuts as the robotics sector is poised for accelerated growth
In partnership with Experia Events, the Singapore Industrial Automation Association sets its sights on boosting the robotics solutions industry with this strategic global platform for innovation and technology
Singapore, 18 October 2016 – The first Singapore International Robo Expo (SIRE), organised by Experia Events and co-organised by the Singapore Industrial Automation Association (SIAA), will be held from 1 to 2 November 2016, at Sands Expo and Convention Centre, Marina Bay Sands.
Themed Forging the Future of Robotics Solutions, SIRE will comprise an exhibition, product demonstrations, networking sessions and conferences. SIRE aims to be the global platform for governments, the private sector and the academia to engage in dialogues, share industry best practices, network, forge partnerships, and explore funding opportunities for the adoption of robotics solutions.
“SIRE debuts at a time when robotics has been gaining traction in the world due to the need for automation and better productivity. The latest World Robotics Report by the International Federation of Robotics has also identified Singapore as a market with one of the highest robot density in manufacturing – giving us more opportunities for further development in this field, and well as its extension into the services sectors.
With the S$450 million pledged by the Singapore government to the National Robotics Programme to develop the industry over the next three years, SIRE is aligned with these goals to cultivate the adoption of robotics and support the growing industry. As an association, we are constantly looking for ways to bring together robotic adoption, collaboration among partners, and providing support with funding for our members. SIRE is precisely the strategic platform for this,” said Mr Oliver Tian, President, SIAA.
SIRE has attracted strong interest from institutes of higher learning (IHLs), research institutes, local and international enterprises, with innovation and technology applicable for a vast range of industries from manufacturing to healthcare.
ST Kinetics, the Title Sponsor for the inaugural edition of the event, is one of the key exhibitors, together with other leading industry players such as ABB, Murata, Panasonic, SICK Pte Ltd, and Tech Avenue amongst others. Emerging SMEs such as H3 Dynamics, Design Tech Technologies and SMP Robotics Singapore will also showcase their innovations at the exhibition. Participating research institute, A*STAR’s SIMTech, and other IHLs supporting the event include Ngee Ann Polytechnic, Republic Polytechnic and the Institute of Technical Education (ITE).
Visitors will also be able to view “live” demonstrations at the Demo Zone and come up close with the latest innovations and technologies. Some of the key highlights at the zone includes the world’s only fully autonomous outdoor security robot developed by SMP Robotics Singapore, as well as ABB’s Yumi, IRB 14000, a collaborative robot designed to work in close collaboration and proximity with humans safely. Dynamic Stabilization Systems, SIMTech and Design Tech will also be demonstrating the capabilities of their robotic innovations at the zone.
At the Singapore International Robo Convention, key speakers representing regulators, industry leaders and academia will come together, exchange insights and engage in discourse to address the various aspects of robotic and automation technology, industry trends and case studies of robotics solutions. There will also be a session discussing the details of the Singapore National Robotics Programme led by Mr Haryanto Tan, Head, Precision Engineering Cluster Group, EDB Singapore.
SIRE will also host the France-Singapore Innovation Days in collaboration with Business France, the national agency supporting the international development of the French economy. The organisation will lead a delegation of 20 key French companies to explore business and networking opportunities with Singapore firms, and conduct specialized workshops.
To further foster a deeper appreciation and to inspire the next generation of robotics and automation experts, the event will also host students from higher institutes of learning on Education Day on 2 November. Students will be able to immerse themselves in the exciting developments of the robotics industry and get a sampling of how robotics can be applied to real-world settings by visiting the exhibits and interacting with representatives from participating companies.
Mr Leck Chet Lam, Managing Director, Experia Events, says, “SIRE will be a game changer for the industry. We are expecting the industry’s best and new-to-market players to showcase their innovations, which could potentially add value to the operations across a wide spectrum of industry sectors, from manufacturing to retail and service, and healthcare. We also hope to inspire the robotics and automation experts of tomorrow with our Education Day programme.
Experia Events prides itself as a company that organises strategic events for the global stage, featuring thought leaders and working with the industries’ best. It is an honour for us to be partnering SIAA, a recognised body and key player in the robotics industry. We are privileged to be able to help elevate Singapore’s robotics industry through SIRE and are pulling out all stops to ensure that the event will be a resounding success.”
SIRE is supported by Strategic Partner, IE Singapore as well as agencies including EDB Singapore, GovTech Singapore, InfoComm Media Development Authority, A*STAR’s SIMTech, and Spring Singapore.
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For further enquiries, please contact:
Marilyn HoExperia Events Pte LtdDirector, CommunicationsTel: +65 6595 6130Email: marilynho@experiaevents.com
Genevieve YeoExperia Events Pte LtdAssistant Manager, CommunicationsTel: +65 6595 6131Email: genevieveyeo@experiaevents.com
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